Rules and Regulations. SMALL BUSINESS ADMINISTRATION
/register/2011/09/27/2011-24715·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Agency: Small Business Administration. The Small Business Administration publishes an interest rate called the optional “peg” rate (13 CFR 120.214) on a quarterly basis. This rate is a weighted average cost of money to the government for maturities similar to the average SBA direct loan. This rate may be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 3.125 (3 1/8 ) percent for the October-December quarter of FY 2012. Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for any third party lender's commercial loan which funds any portion of the cost of a 504 project ( see 13 CFR 120.801) shall be 6% over the New York Prime rate or, if that exceeds the maximum interest rate permitted by the constitution or laws of a given State, the maximum interest rate will be the rate permitted by the constitution or laws of the given State. Walter C. Intlekofer, Acting Director, Office of Financial Assistance. [FR Doc. 2011-24715 Filed 9-26-11; 8:45 am]
Citation: FR Doc. 2011-24715